Trading Plan

A trading plan turns every rule covered elsewhere in this course, entry criteria, position size, when to stop, into a single document written before a trade goes live, so none of it has to be decided under pressure. Download the blank trading plan template (.txt), the same twelve sections covered below, laid out ready to fill in with your own numbers. A document, not a memory Something “known in your head” and something written down behave very differently under pressure. A vague intention is easy to bend in the moment it’s tested, because there’s nothing concrete to check it against. A written rule, entry criteria worded specifically enough to say yes or no, is much harder to quietly reinterpret mid-trade. Writing the plan down doesn’t make a trader more disciplined by itself, but it removes one of the easiest ways discipline slips: not remembering, in the moment, what was decided in advance. ...